Whoops!
I hit the submit button early.
As a fun exercise, try this calculation for both
Amazon and Walmart.
I don't know about the "growth rate above inflation"
or the "cyclically adjusted earnings yield",
but I figured out the following for WMT and AMZN.
I defined earnings yield as EBIT/EV
and cribbed the most recent annual figures
from Yahoo.
WMT AMZN
ROE 22.9% 4.94%
Earnings yield 8.9% .89%
Both companies have a business based on selling
"stuff" at a low price, but have very different
investment characteristics, no?
-kcanant